Although they say cash is king, the unfortunate answer is yes, you will still pay closing costs on a cash deal. Let’s look at why you still pay closings costs and why this is even a question.
A large chunk of closing costs are attributed to loan origination. This is why there are less closing costs with a cash. The remainder of the closing costs are:
- Settlement Fee
- Owner’s Title Insurance
- Government Recording Fee
- Transfer Taxes
Callor emailme if you have any questions.